Pennsylvania Conventional Mortgage News

3% Down Conventional Mortgages are Back

December 15, 2014 Pennsylvania Conventional Mortgage News

Fannie Mae has recently announced that they are re-instating their 3% down payment program for qualified home buyers.   The main difference between this new version and the previous 3% down Conventional mortgage is that this new version requires that at least one borrower be a first time homebuyer.   Like all Conventional mortgages with less […]

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Conventional Mortgage Purchase with No Down Payment From the Buyer

September 5, 2014 Buying a House

Recently a program has become available that allows home buyers to purchase a home with a Conventional Mortgage with the entire down payment coming in the form of a Gift. This program enables borrowers to buy a home with no or little money out of pocket. What is considered a Gift when it comes to […]

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HARP Refinance with Mortgage Insurance

February 10, 2014 Pennsylvania Conventional Mortgage News

If you have Mortgage Insurance you CAN Refinance with the HARP program If you currently have mortgage insurance and would like to refinance with the HARP program make sure you contact a lender that is able to handle this request. Some potential HARP applicants have been running into roadblocks because they have been told that […]

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HARP 2.0 : HARP Refinance Options in Pennsylvania

February 6, 2012 HARP

The Home Affordable Refinance Program, known as HARP, has been revised and expanded to hopefully help more homeowners How is the new HARP 2.0 different from the previous HARP? Under the new HARP refinance program, the big change is that IT DOES NOT MATTER HOW MUCH A HOME HAS DECREASED IN VALUE. HARP has eliminated […]

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HARP Refinance Program in Pennsylvania : Help for Underwater Homeowners

January 26, 2012 Pennsylvania Conventional Mortgage News

The Home Affordable Refinance Program, known as HARP, has been revised and expanded to hopefully help more homeowners. How is the new HARP different from the previous HARP? Under the new HARP refinance program, the big change is that IT DOES NOT MATTER HOW MUCH A HOME HAS DECREASED IN VALUE. HARP has eliminated the […]

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125% Financing with the DU Refi Plus Program

March 28, 2011 Pennsylvania Conventional Mortgage News

The DU Refi Plus Program allows homeowners to refinance and lower their monthly payment even if they currently owe more than the home is worth.  This program is intended to help homeowners that have been on time with their mortgage payments but have been unable to refinance due to low appraisals and downturns in their local property values.  […]

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Buy a Foreclosure with a Low Downpayment and No Mortgage Insurance

June 23, 2010 Pennsylvania Conventional Mortgage News

Fannie Mae offers incentives to Homebuyers in Pennsylvania who are looking to buy a home that they own.  Fannie Mae offer these incentives through the Fannie Mae Homepath Program.   HomePath mortgages provide up to 97% financing, with no Mortgage Insurance requirement and no appraisal, for purchase of FNMA owned real estate owned (REO) properties.  The combination […]

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